Yes. That tax thing is quite a large unknown. Even if the dollars and cents become not an issue, the alleged and possible need to report income, provide tax records, argue about capital losses or net gains, or deductions etc. will stop a lot of actions by many people. I know that when i retire in February of next year I will not be spending the 180 days in thailand. Not a big deal but it will require me to sort out my living here in the USA with any long term rental in Thailand differently than i was planning.
I remember back in 2004 when I was so going to buy a condo in Pattaya. It would have been OK for about a dozen years but as my work and time habits changed, then COVID, and not to mention whatever problems might have cropped up such as crazy neighbors, condo maintenance not happening, immigration paperwork for my visa, etc.. I am glad I did not buy. So many less headaches.